This is how I would personally rank it:
1. China
China is going to be the world's next superpower. Everybody knows that. Being able to get into something early is a rare chance that rarely ever comes. It's like knowing in advanced about how successful Microsoft or Google will be 20 years ago. If you knew it back then you definitely would invest, it's similar in this situation. Everybody knows it, so why not go for it? This is assuming you know Mandarin. Otherwise you're screwed for jobs.
If you can though, going to Tsinghua or Peking is golden. These two schools are relatively low ranked internationally, but they are basically the Harvard or MIT equivalent of China. People in China absolutely hold Tsinghua and Peking at the top. From what I hear, top students in China tend to choose Tsinghua and Peking first (rather than going abroad). This is beneficial to you if you choose China, because you know those you become friends with are the brightest China can offer and probably will be leaders of China. Very good for networking. They are brand names in China, and when China rockets off, they probably will become top schools for everything. They are kind of like what Harvard and Yale was 200 years ago when the US was a country no one cared about. Harvard and Yale back then were no name, no one knew about them, even though they were the best in teh US. Back then, if you were smart, you went to Cambridge or Oxford. Even in the 1920s, if you were smart you would go to Germany or the UK to study. But when the US economy took off and they became the superpower after WWII, Harvard and Yale suddenly became world class too, overpassing Oxford and Cambridge. I think in the next 50 years, Tsinghua and Peking will be the schools people would want to have on their resume. Just my prediction though. I could be wrong.
At the moment schools like CEIBS are better, but in my opinion, Tsinghua and Beida are the smarter choice if you are taking inevitable future growth in reputation into account.
2. Singapore
Well established MBA programs. You can get by with just English if need be. First class city. INSEAD etc... are well established brand names that are options if you choose Singapore. NUS has strong international recognition as a university generally (although I personally feel this is more of a reflection of their strength in medicine though), which might be a bonus.
3. Hong Kong
Also relatively well established MBA programs. HK can be one of the many gates into China's growth engine. One of the world's top financial centers, and a first class city. Not sure if any of the schools can truly be considered world class, but because they are located in HK chances of you landing a top job might be higher due to connections by way of proximity.
4. South Korea
Their economy has seen strong growth for the past decade or more and probably will exhibit decent growth in the future, but truthfully, despite what Korean nationalists will tell you, the brand recognition of their schools don't compare to HK or Singapore. China will probably surpass them soon enough, and their universities aren't well recognized either. I think you'd be lying to yourself if you think SNU or Yonsei are top schools internationally. They barely rank at all in terms of Asian MBA rankings. The market is prodominantly geared towards Koreans with elite American MBAs. They send their best to schools abroad, and when they come back, those are the people that get the top jobs. Local MBAs are basically not where the elite of Korea choose to go, and so you would end up socializing and networking with a bunch of foreigners that won't give you much value. They won't be well connected in Korea, so those connections won't be valuable. KOREANS are having trouble finding good jobs in Korea, imagine how foreigners would fare. So you can't get jobs in Korea PLUS you'd have no brand recognition outside of Korea. That's like a shot to the head in my opinion.
5. Taiwan
I haven't heard much about Taiwanese schools but I put Taiwan above Malaysia and Thailand because it's a wealthier nation. Using wikipedia I realize Taiwan National University is their most prestigious school, but if you asked me if I knew this before googling it I would definitely say no. You risk going to obscure schools no one knows about. Taiwanese also have a tendency to send their very best abroad as well.
6. Malaysia
I don't know ANYTHING about Malaysian schools. I'm only putting it above of Thailand because M comes before T. But realistically I can't even bash it if I wanted to because I know nothing about the schools in Malaysia, nor do I know anything about their economy. I think this would be the general stance held by most people. This can't be good for brand recognition of any MBA school in Malaysia. Don't go there.
7. Thailand
Thailand is a third world country. Any degree you get from there can't possibly be recognized internationally. The country is not stable politically. The growth engine isn't, in my opinion, powerful enough to attract investment at the global level. It had amazing growth in the 90s or so, but that ended long ago with the fall of their currency.
Of course the above is just my opinion. People may rank it differently, so if you feel that my rankings are wrong, go ahead and give your own opinion on the matter. I didn't base my opinion on the quality of the subject matter taught while studying there, so I could be wrong. But I did base my opinon on brand recognition and potential to network, which I personally think is the main point of MBA programs. Most MBA programs will give you sufficient quality, but not every program can give you the same networking opportunities. That is the truth.